Integrated logistics solutions provider Allcargo Logistics Ltd Thursday said it has bought a controlling stake in Gati Ltd for around ?416 crore, entering the express logistics space.

Allcargo provides a comprehensive range of services, such as multimodal transport operations, container freight station operations, or inland container depot operations, projects and engineering solutions, warehousing, distribution, contract logistics and logistics parks.

Gati has a wide-ranging customer base across corporate India, e-commerce companies, as well as small and medium enterprises (SMEs). It has a presence across 727 districts and a service network that reaches out to 19,000 PIN codes across the country.